Final administrative rules do not have binding legal effect unless the courts later declare them to be binding
a. True
b. False
Indicate whether the statement is true or false
False
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Jimmy's supervisor noticed that he was struggling with the computerized setup for production runs at his new job. The supervisor observed him while he tried it again and gave suggestions for improvement. The supervisor is doing which step of the control process?
A. taking corrective action B. establishing standards C. comparing performance to standards D. measuring performance E. controlling productivity
Green Planet, Inc., a manufacturer of air filter systems for industrial facilities, is considering the addition of a new system to its current product line. The following data has been forecasted:
1. The market value of the firm’s debt is $300,000, and it has $150,000 in marketable securities. The company also has 10,000 shares of preferred stock that pay an annual dividend of $0.75 per share. Investors require a rate of return of 7% on preferred stocks of similar risk. The firm has 100,000 shares of common stock outstanding, and its weighted average cost of capital is 12%. The expected tax rate is 35% in the next two years and 40% after that.
a) Calculate the free cash flow for each of the next four years.
b) After 2021 the firm’s free cash flow is expected to grow at 5% per year indefinitely. What is the value of the stock today?
c) Assume that after 2021 the firm’s free cash flow is expected to grow at 9% per year for four years. After that time, the firm’s free cash flow will grow at 5% indefinitely. Using the two-stage dividend growth model, what is the value of the stock? Calculate your solution twice, first using equation 9-5 on page 260 and then using the FAME_TwoStageValue user-defined function.
e) Assume that the transition between 9% and 5% will be gradual rather than instantaneous. The forecasted transition period is 3 years. Using the H Model, what is the value of the stock? Calculate your solution twice, first using equation 9-8 on page 264 and then using the FAME_HModelValue user-defined function.
What prospecting methods are best for contacting numerous prospects in a large area?
What will be an ideal response?
Which of the following statements is FALSE?
A) Future consideration can be valid consideration. B) Past consideration is not valid consideration. C) A contract that is sealed satisfies the courts concern for consideration D) Each party to a contract must receive consideration of equal or similar value. E) Consideration can be in the form of goods, services or money.